Octavius Plantations Limited has scheduled its 42nd annual general meeting for Tuesday, September 29, 2026, to be held through video conference or other audio-visual means. The company confirmed the timeline in a filing with the Bombay Stock Exchange on September 5, 2026.

Shareholders whose names appear in the register of members or the list of beneficial owners as on the cut-off date will be entitled to vote. The record date for determining eligibility is September 22, 2026.

Book Closure Period

The Register of Members, Register of Beneficiaries, and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive). This closure facilitates the determination of eligible voters for the meeting.

Electronic Voting Schedule

The electronic voting period will commence at 9:00 am on Saturday, September 26, 2026, and conclude at 5:00 pm on Monday, September 28, 2026. Central Depository Services Limited (CDSL) will disable the e-voting module immediately after the deadline.

This schedule aligns with Section 108 of the Companies Act, 2013, and Rule 20(3)(vii) of the Companies (Management and Administration) Rules, 2014, which mandate that e-voting begins no earlier than three days prior to the meeting date.

Annual Report Access

In compliance with Regulation 36(1) of the SEBI Listing Regulations, electronic copies of the notice convening the AGM along with the Integrated Annual Report for FY26 are being sent via email to all shareholders whose email addresses are registered with the company, registrar and transfer agent, or depository participants.

For shareholders who have not registered their email addresses, the company has dispatched letters providing the weblink to access the Integrated Annual Report from its website. The report is also available on the CDSL e-voting portal and the BSE website.

Members holding shares in physical mode or those who have not updated their email addresses are requested to update them by writing to the RTA. Members holding shares in dematerialized mode should register or update their email addresses with their respective depository participants.

Octavius Plantations reported a sharp 125% surge in total revenue to ₹646.4 crore for FY26, compared to ₹287.6 crore in FY25. Despite the top-line growth, net profit after tax declined 5% to ₹8.2 crore from ₹8.7 crore in the previous year.

The company’s board of directors approved the integrated annual report and notice for its 42nd Annual General Meeting (AGM) on September 3, 2026. The meeting, originally rescheduled from August 31, focused on finalizing statutory reports for the financial year ended March 31, 2026.

Financial Performance

The financial results highlight a divergence between revenue growth and profitability:

Total expenses rose proportionally with revenue, limiting the impact of higher sales on bottom-line earnings. Earnings per share fell to ₹2.75 from ₹2.90 in the prior year.

What the Numbers Show

While revenue more than doubled, driven by trading activities in commodities such as maize, rice, and coffee, the near-parity rise in total expenses indicates thin operating margins. The slight decline in PAT despite pre-tax profit growth was primarily due to a higher tax expense of ₹1.7 crore compared to ₹0.8 crore in FY25.

AGM Details and Director Appointments

The 42nd AGM is scheduled for September 29, 2026, at 1:00 pm via video conferencing. Key agenda items include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mr. Raj Kumar Jain as an Executive Non-Independent Director.
• Re-appointment of Mr. Anil Kumar Ravindran as an Independent Director for a second five-year term.

The Board did not recommend any dividend for FY26, opting to retain earnings to strengthen the reserve base. The record date for voting is set as September 22, 2026, with remote e-voting available from September 26 to September 28, 2026.

Auditor Observations

Statutory auditors V. Singhi & Associates issued a qualified opinion on the financial statements. Key qualifications included:

• Non-presentation of ageing schedules for Capital Work-in-Progress as required under Schedule III.
• Lack of actuarial valuation for gratuity and defined employee benefit obligations.
• Non-compliance with Ind AS 16 and Ind AS 41 regarding bearer plants and biological assets.

Additionally, the secretarial audit report noted that independent directors had not cleared the mandatory online self-assessment proficiency test, and the company had incurred a ₹2,000 penalty from BSE under SEBI LODR regulations.